Aviva PLC Sells 2,060 Shares of Mueller Industries, Inc. (NYSE:MLI)

Aviva PLC lessened its stake in Mueller Industries, Inc. (NYSE:MLI) by 22.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,184 shares of the industrial products company’s stock after selling 2,060 shares during the quarter. Aviva PLC’s holdings in Mueller Industries were worth $570,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new stake in shares of Mueller Industries in the 4th quarter valued at about $32,000. Westside Investment Management Inc. bought a new position in shares of Mueller Industries during the third quarter worth about $41,000. SBI Securities Co. Ltd. acquired a new stake in Mueller Industries in the 4th quarter valued at approximately $47,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Mueller Industries in the 4th quarter valued at approximately $53,000. Finally, City State Bank acquired a new position in Mueller Industries during the 4th quarter worth approximately $58,000. Institutional investors own 94.50% of the company’s stock.

Mueller Industries Stock Down 4.0 %

Shares of MLI opened at $72.68 on Friday. Mueller Industries, Inc. has a twelve month low of $50.85 and a twelve month high of $96.81. The stock has a market capitalization of $8.05 billion, a P/E ratio of 13.69 and a beta of 0.96. The company has a 50 day moving average of $78.40 and a 200-day moving average of $79.86.

Mueller Industries (NYSE:MLI) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. Mueller Industries had a net margin of 16.05% and a return on equity of 22.97%.

Mueller Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, March 14th. This is a positive change from Mueller Industries’s previous quarterly dividend of $0.20. Mueller Industries’s dividend payout ratio is presently 18.83%.

Insider Buying and Selling at Mueller Industries

In other news, Director Scott Jay Goldman sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $79.81, for a total value of $798,100.00. Following the completion of the sale, the director now owns 56,098 shares of the company’s stock, valued at approximately $4,477,181.38. This represents a 15.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Mueller Industries Profile

Mueller Industries, Inc manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples.